Endeavour Silver Corporation (NYSE:EXK) Receives $8.33 Average Price Target from Analysts

Shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) have received a consensus rating of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $8.3333.

EXK has been the subject of several recent research reports. Wall Street Zen raised Endeavour Silver from a “sell” rating to a “hold” rating in a report on Sunday. HC Wainwright lifted their price target on Endeavour Silver from $7.25 to $8.75 and gave the stock a “buy” rating in a report on Wednesday, July 9th. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Friday, May 23rd. National Bankshares reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Finally, National Bank Financial upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Thursday, June 12th.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $5.56 on Thursday. The stock has a market capitalization of $1.61 billion, a P/E ratio of -20.59 and a beta of 1.23. The company’s fifty day moving average price is $5.23 and its 200 day moving average price is $4.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 0.93. Endeavour Silver has a 1 year low of $2.76 and a 1 year high of $6.04.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The firm had revenue of $85.30 million during the quarter, compared to analysts’ expectations of $81.48 million. As a group, equities research analysts anticipate that Endeavour Silver will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC acquired a new position in Endeavour Silver in the 2nd quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $43,000. Farringdon Capital Ltd. acquired a new position in shares of Endeavour Silver in the fourth quarter valued at approximately $55,000. Hohimer Wealth Management LLC increased its stake in Endeavour Silver by 28.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company’s stock worth $56,000 after buying an additional 2,915 shares during the period. Finally, Oxford Asset Management LLP acquired a new stake in Endeavour Silver during the 4th quarter worth approximately $57,000. 20.06% of the stock is owned by institutional investors and hedge funds.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.